Accounting Entries for Assets Purchase on Lease Agreement

When a business acquires an asset on lease agreement, it is important to record the transaction accurately in the accounting ledger to ensure proper financial management. Accounting entries for assets purchased on a lease agreement are slightly different from traditional purchases made with cash or credit. In this article, we will discuss the accounting […]

Can You Sue for Breach of Oral Contract

In today`s fast-paced business world, oral contracts are quite common. Often, agreements are made between individuals or entities without any formal, written documentation. Oral contracts can be just as legally binding as written contracts, however, they can be hard to prove in court. If you find yourself in a situation where there has been […]